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Federal Reserve Bank of Minneapolis salaries
Federal Reserve Bank of Minneapolis salary estimate
$50,822yearly
Understanding Salaries at the Federal Reserve Bank of Minneapolis
The Federal Reserve Bank of Minneapolis provides competitive salaries reflecting the diverse roles within its workforce. The average salary is $50,822, but there is a significant range depending on the position held. For instance, the highest-paid roles include senior economists, who average $187,409, and economist research assistants, with average salaries around $169,844. Meanwhile, entry-level positions such as service team members earn approximately $28,976.
Salary variations also exist across departments. The research & development department offers the highest average salary at $116,881, followed closely by business development at $108,684. Conversely, administrative and customer service roles offer lower average salaries of $32,452 and $32,929, respectively.
In comparison to competitors like Pacific Investment Management Company, which has an average salary of $132,360, and Morgan Stanley at $103,933, the Federal Reserve Bank of Minneapolis positions itself as a viable option for professionals seeking a balance between compensation and meaningful work in the financial sector.
Highest paying jobs at Federal Reserve Bank of Minneapolis
The highest paying jobs at Federal Reserve Bank of Minneapolis are senior economist, economist research assistant, business development account manager, and bank examiner. Senior economist jobs at Federal Reserve Bank of Minneapolis earn an average yearly salary of $187,409, Federal Reserve Bank of Minneapolis economist research assistant jobs average $169,844, and Federal Reserve Bank of Minneapolis business development account manager jobs average $147,675.
The lowest paying Federal Reserve Bank of Minneapolis roles include service team member and unit leader. Federal Reserve Bank of Minneapolis service team member average salary is $28,976 per year. So while the average Federal Reserve Bank of Minneapolis salary is $50,822 there is a big variation in pay depending on the role.
Highest paying jobs at Federal Reserve Bank of Minneapolis
| Rank | Job title | Average Federal Reserve Bank of Minneapolis salary | Hourly rate |
|---|---|---|---|
| 1 | Senior Economist | $187,409 | $90.10 |
| 2 | Economist Research Assistant | $169,844 | $81.66 |
| 3 | Business Development Account Manager | $147,675 | $71.00 |
| 4 | Bank Examiner | $96,506 | $46.40 |
| 5 | Senior Consultant | $88,407 | $42.50 |
| 6 | Software Engineer | $86,383 | $41.53 |
| 7 | J2ee Developer | $85,524 | $41.12 |
| 8 | Developer/Consultant | $75,165 | $36.14 |
| 9 | Project Manager | $62,683 | $30.14 |
| 10 | Business Analyst | $58,751 | $28.25 |
| 11 | Police Sergeant | $55,691 | $26.77 |
| 12 | Police Officer | $51,642 | $24.83 |
| 13 | Operations Analyst | $48,461 | $23.30 |
| 14 | Auditor | $44,902 | $21.59 |
| 15 | Communications Coordinator | $42,364 | $20.37 |
| 16 | Operation Supervisor | $42,322 | $20.35 |
| 17 | Operations Specialist | $37,599 | $18.08 |
| 18 | Law Enforcement Officer | $36,534 | $17.56 |
| 19 | Lead Agent | $35,871 | $17.25 |
| 20 | Office Administrator | $34,780 | $16.72 |
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Federal Reserve Bank of Minneapolis salaries by department
Salaries at Federal Reserve Bank of Minneapolis vary depending on the department you work in. Federal Reserve Bank of Minneapolis salaries in the research & development department are the highest with an average salary of $116,881. Employees in the business development department at Federal Reserve Bank of Minneapolis receive relatively high salaries as well, with an average salary of $108,684 per year. Departments that don't pay as well at Federal Reserve Bank of Minneapolis include the administrative and the customer service organizational functions, with employees earning average salaries of $32,452 and $32,929, respectively.
Average Federal Reserve Bank of Minneapolis salary by department
| Rank | Department | Average Federal Reserve Bank of Minneapolis salary | Hourly rate |
|---|---|---|---|
| 1 | Research & Development | $116,881 | $56.19 |
| 2 | Business Development | $108,684 | $52.25 |
| 3 | Finance | $81,981 | $39.41 |
| 4 | Engineering | $79,490 | $38.22 |
| 5 | Marketing | $61,809 | $29.72 |
| 6 | Human Resources | $59,091 | $28.41 |
| 7 | Plant/Manufacturing | $52,975 | $25.47 |
| 8 | IT | $52,523 | $25.25 |
| 9 | Accounting | $48,158 | $23.15 |
| 10 | Non Profit/Government | $47,598 | $22.88 |
| 11 | Customer Service | $32,930 | $15.83 |
| 12 | Administrative | $32,452 | $15.60 |
How much does Federal Reserve Bank of Minneapolis pay by department?
Best paying Federal Reserve Bank of Minneapolis customer service salaries
| Rank | Position | Average Federal Reserve Bank of Minneapolis salary | Hourly rate |
|---|---|---|---|
| 1 | Infrastructure Analyst | $59,908 | $28.80 |
| 2 | Computer Analyst | $58,129 | $27.95 |
| 3 | Operations, Senior Specialist | $41,434 | $19.92 |
| 4 | Lead Agent | $35,871 | $17.25 |
| 5 | Customer Support Representative | $33,090 | $15.91 |
| 6 | Service Specialist | $32,016 | $15.39 |
| 7 | Customer Service Representative | $31,989 | $15.38 |
Best paying Federal Reserve Bank of Minneapolis administrative salaries
| Rank | Position | Average Federal Reserve Bank of Minneapolis salary | Hourly rate |
|---|---|---|---|
| 1 | Records Analyst | $43,520 | $20.92 |
| 2 | Office Administrator | $34,780 | $16.72 |
| 3 | Document Control Administrator | $34,705 | $16.69 |
| 4 | Administrative Assistant | $33,671 | $16.19 |
| 5 | Operations Clerk | $32,562 | $15.65 |
| 6 | Junior Clerk | $32,305 | $15.53 |
| 7 | Executive Secretary | $32,296 | $15.53 |
| 8 | Data Entry Associate | $31,517 | $15.15 |
| 9 | Data Entry Operator | $31,299 | $15.05 |
| 10 | Administrative Specialist | $31,026 | $14.92 |
Best paying Federal Reserve Bank of Minneapolis finance salaries
| Rank | Position | Average Federal Reserve Bank of Minneapolis salary | Hourly rate |
|---|---|---|---|
| 1 | Economist | $153,722 | $73.90 |
| 2 | Bank Examiner | $96,506 | $46.40 |
| 3 | Senior Examiner | $91,820 | $44.14 |
| 4 | Senior Consultant | $88,407 | $42.50 |
| 5 | Developer/Consultant | $75,165 | $36.14 |
| 6 | Finance Analyst | $55,163 | $26.52 |
| 7 | Operations Analyst | $48,461 | $23.30 |
| 8 | Loan Specialist | $33,749 | $16.23 |
Federal Reserve Bank of Minneapolis competitors’ average salaries
Average salaries at Federal Reserve Bank of Minneapolis competitors, like Pacific Investment Management Company LLC, Morgan Stanley, and Federal Reserve Bank of New York, vary. Pacific Investment Management Company LLC employees earn the highest salaries, with an average yearly salary of $132,360. The average salary at Morgan Stanley is $103,933 per year, and the average salary at Federal Reserve Bank of New York is $92,408 per year.
Highest paying Federal Reserve Bank of Minneapolis competitors
| Rank | Company name | Zippia score | Average salary |
|---|---|---|---|
| 1 | Pacific Investment Management Company LLC | 4.9 | $132,360 |
| 2 | Morgan Stanley | 4.6 | $103,933 |
| 3 | Federal Reserve Bank of New York | 4.7 | $92,408 |
| 4 | OCC | 4.9 | $91,809 |
| 5 | Federal Reserve | 4.4 | $91,007 |
| 6 | Merrill Lynch | 4.9 | $87,121 |
| 7 | Futures Group | 4.3 | $83,071 |
| 8 | Federal Deposit Insurance | 4.8 | $71,995 |
| 9 | Federal Reserve Bank of Boston | 4.2 | $71,017 |
| 10 | CoreLogic | 4.9 | $66,132 |
| 11 | Federal Reserve Bank | 4.7 | $61,679 |
| 12 | Federal Reserve Bank Services | 4.1 | $60,964 |
| 13 | Farm Credit System | 4.5 | $58,545 |
| 14 | Toyota Financial Svc | 4.8 | $57,850 |
| 15 | Federal Reserve Bank of Richmond | 4.8 | $57,591 |
| 16 | Federal Reserve Bank of Dallas | 4.9 | $52,831 |
| 17 | Federal Reserve Bank of Cleveland | 4.9 | $49,559 |
| 18 | LaSalle Bank | 4.6 | $45,462 |
| 19 | Federal Reserve Bank of San Francisco | 4.7 | $44,690 |
| 20 | Global Payments | 4.0 | $40,666 |
Recently added Federal Reserve Bank of Minneapolis salaries
| Job | Location | Date added | Salary |
|---|---|---|---|
| Mail Operations Support Representative | Minneapolis, MN | 05/04/2025 | $40,000 |
| Service Technician | Minneapolis, MN | 05/04/2025 | $50,200 |
| Assistant Vice President--Credit, Payment System Risk, and Reserves | Minneapolis, MN | 01/22/2025 | $158,500 |
Frequently asked questions about Federal Reserve Bank of Minneapolis salaries
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Zippia gives an in-depth look into the details of Federal Reserve Bank of Minneapolis, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Federal Reserve Bank of Minneapolis. The employee data is based on information from people who have self-reported their past or current employments at Federal Reserve Bank of Minneapolis. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Federal Reserve Bank of Minneapolis. The data presented on this page does not represent the view of Federal Reserve Bank of Minneapolis and its employees or that of Zippia.